AUTO BROKERS

Licensed dealers may be auto brokers.

• An auto broker must complete a written agreement with a customer prior to arranging a sale through another dealer.
• The agreement must clearly indicate the broker fee.
• The broker fee can be paid by the selling dealer or buyer.
• Only retail dealer can apply to become an auto broker.
• The auto broker endorsement fee for this license is:
• $100 the first year, $75 for renewal.
• The broker must maintain a log of each brokered transaction.
• Only Retail Dealer can apply to become an auto broker.

See Related Links Below:

– DMV Brokering Agreement: Form and Contents – go to: http://www.dmv.ca.gov/pubs/vctop/d05/vc11738.htm

• Auto Broker Log – go to: http://www.dmv.ca.gov/forms/ol/ol75.pdf

• DMV Consignment Form Requirements – go to: http://www.dmv.ca.gov/pubs/vctop/d05/vc11730.htm